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Rowan Drive, Verwood, Dorset, BH31 - Image 1
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Rowan Drive, Verwood, Dorset, BH31

South East

£535,000
Listed on 02/08/2023

Property Details

Bedrooms
3
Type
Detached house
Area
1205 sqft

Description

This detached bungalow is located in a sought-after cul-de-sac, providing both privacy and community charm. A path from the property conveniently leads to Potterne Park, which connects to Moors Valley Country Park, ideal for outdoor enthusiasts seeking recreational activities. The residence features three bedrooms and offers considerable potential for renovation and modernization. The interior includes a welcoming entrance porch leading into an expansive entrance hall with useful storage options. The living areas are spacious, highlighted by a lounge/dining room that opens out to the rear garden through double glazed doors, creating a bright and airy atmosphere. The stone fireplace adds character and could be a focal point for any future updates. The kitchen is functional but would benefit from some contemporary enhancements. It includes basic cabinetry, integrated appliances, and ample workspace, along with access to the utility room—a practical feature that enhances daily living. The three bedrooms provide flexibility for families or guests; the master bedroom comes with an en-suite shower room that could be refreshed to modern standards. Outside, the bungalow is set back from the road with a generously sized tarmac driveway that accommodates multiple vehicles. The manageable front garden features low-maintenance plantings, while gated side access leads to a rear garden complete with patio space for entertaining and lawn areas suitable for landscaping improvements. A pergola offers an inviting spot for relaxation amidst greenery. With gas central heating and mostly double-glazed windows already in place, this property holds significant investment potential for those looking to capitalize on its location and inherent features through thoughtful renovations or re-imagining of the layout. This bungalow represents an excellent opportunity for buyers interested in creating their ideal living space in a desirable area.

Investment Analysis

(BH31 area)

Above Market Value

This property is priced +13.3% above area average per sq ft

+13.3%
This Property
£444/sq ft
Area Average
£392/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£519,397
10% above area average per sq ft
Potential ROI
-9.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (BH31)

Area prices are falling by +3.3% over the last 12 months
3 year growth: -4.3%
5 year growth: 12.2%
Investment Disclaimer: Analysis based on BH31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Rowan Drive, Verwood, Dorset, BH31
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,960
Based on a loan of £401,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE